City
Epaper

How to get deducted Income tax Refund? Know, all details

By Lokmat English Desk | Updated: November 1, 2021 21:04 IST

Open in App
1 / 10
There are two options available this year when filing an income tax return. The first option is to get a tax return if there is no taxable income and the second option is concessional tax. Which option have you chosen?
2 / 10
If you have filed your income tax return as per the old tax system, then you have to file the details related to tax deduction under sections 80C to 80U of the Income Tax Act.
3 / 10
If you have filled in the details of these savings so that your employer can deduct less tax on your salary, then you should ask the employer for Form No. 16 in this regard.
4 / 10
If you have not provided this information to the employer, you can fill in the information of these deductions while filing the income tax return. ITR-1 application is available for this.
5 / 10
80C, 80CCC, 80CCD (1), 80CCD (1B) and 80CCD (2) are often claimed for tax savings under Section 80C.
6 / 10
Tax savings can also be made under 80 CCC and 80 CCD (1). Tax savings can be made by investing in the National Pension System, Atal Pension Scheme. It is necessary to save up to Rs. 1.5 lakhs per annum.
7 / 10
If the premium is paid on a health insurance plan of up to Rs 25,000 in a financial year, this amount can be deducted from the tax by applying Section 80D of the Income Tax Act.
8 / 10
Taxpayers can also claim a tax deduction of up to Rs 5,000 on preventive health check-ups.
9 / 10
Loans for higher education, if there is a lease agreement, home loan, loan for purchase of electric vehicle.
10 / 10
If there is a person with a disability in the home, the cost of caring for them can also be saved. There is a similar provision under section 80DD. However, if a person with a disability is willing to save tax on his own, there is a provision under section 80U.
Tags: Income tax return
Open in App

Related Stories

NationalLoan EMI Calculator: How Much Will You Save With Lower EMIs and New Income Tax Slabs?

NationalITR Filing Deadline Extended: Income Tax Department Extends Last Date for Year 2024-25 for Taxpayers

BusinessITR New Record: 7.28 Crore Income-Tax Returns Filed for AY25 Till July 31 2024, Up 7.5% YoY

NationalITR Filing 2024: Over 5 crore Income Tax Returns Filed Till July 26

NationalITR Filing 2024 Deadline: What Happens If You Miss the July 31 Income Tax Return Filing? Here's What You Need to Know

National Realted Stories

NationalHealthcare for India means wellness and happiness, not just treatment: Piyush Goyal

NationalEAM Jaishankar discusses Pahalgam attack with UK counterpart

NationalMumbai Police arrest 13 Bangladeshis with fake Aadhaar cards linked to Jharkhand addresses

NationalIndia & France to sign deal for Rafale fighter jets for Navy tomorrow

NationalTN Governor accepts resignations of two ministers under cloud, reallocates portfolios